Brightline Rules and Flat mates
Inland Revenue has produced QB24/02 which looks at how the new bright line rules apply if you rent out a room to a flatmate.
Answer: if more than 50% of the land, for mo ...
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Property Taxes
Property investors come in all shapes and sizes, from large scale professional operations and developers to so-called ‘Mum and Dad’ investors who wanted to save for their r ...
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Sheep and Beef
Beef values have fallen on average 6.5%, losing most of the gains in value from last year. The 2023-24 season was a difficult one with weak demand from China and Australian ...
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Farming Law Reforms
Duty-free dairy exports
The turn of the year brought a welcome change for New Zealand dairy farmers: all New Zealand dairy products can now enter China duty-free. Duties on ...
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Ballance Farm Awards
New Zealand’s farmers have weathered the storm in more ways than one over the past year, coping with extreme weather and a tough economy to continue their vital work up and ...
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Kilometre rates for the business use of vehicles for the 2024 income year
The table of rates for the 2023/2024 income year for motor vehicle expenditure claims.
In accordance with section DE 12(4) the Commissioner is, from time-to-time, required t ...
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Vehicles
Logbooks are useful records of business expenses relating to work vehicles and this is important when calculating what tax deductions you can claim. Depending on your busin ...
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